ECONOMICS: April 23 Warm-up Is it easier to buy a product by bartering or by using money? Why? Economics Learning Target In order to understand how money.

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ECONOMICS: April 23 Warm-up Is it easier to buy a product by bartering or by using money? Why? Economics Learning Target In order to understand how money has evolved over time to meet the needs of people everywhere, I will analyze the different types, characteristics, and functions of money. I will know I have it when I can: (1) differentiate between the use of bartering, commodity money, and fiat money; (2) explain the three functions of money; and (3) explain the four characteristics of money. Introduction to Money (through 4:48) www.youtube.com/watch?v=Dugn51K_6WA&t=1s Money, Banking, and Gold Standard (HO) --Basic history and vocabulary; Functions of money; Characteristics of modern money Fiat money www.youtube.com/watch?v=U8Yn5jT8Hyc (2:10) The Gold Standard --Definition; Advantages; Disadvantages Assignment Read Ch. 10, Lesson 2 (the gold standard)